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Consolidation and customisation continue to dominate the industry, while global macro and credit expect to see inflows in the next six months

By Niki Natarajan

Stephen Harper

Tom Hill

The three 'Cs’ currently challenging the global
fund of hedge funds industry are consolidation, customisation
and conflicts. While it is a natural evolution, the move by
pension funds to attempt to invest in hedge funds directly is
leaving the majority of the FoHF players slightly dazed and
confused, forcing them to review their mission and purpose in
the coming years.

The global FoHF industry itself has settled since the
crisis, with the 103 largest players with more than $1 billion
in assets managing just shy of $600 billion. For the first half
of 2012, the performance of the global FoHF industry was 0.63%,
according to the InvestHedge Global FoHF Composite; and over
the same six-month period, the asset growth of the InvestHedge
Billion Dollar FoHF Club was flat.

Blackstone Alternative Asset Management has not only
retained its title as the largest fund...

ISSN: 2151-1845 / CDC10004H

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